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"Here’s some suggested reading for fund and ETF investors UBS says its time to sell Icahn Enterprises (IEP). Blame it on the hedge fund. – Barron’sGold bull market should keep its shine. – Michael Kahn, Barron’s Hedge fund industry’s pricing model is under pressure. – Bloomberg Are mutual funds and 401 (k) plans hazardous to […]", blogs.barrons.com
"When activist investor Carl Icahn makes call on a stock, everyone listens. But UBS analyst Brennan Hawken doesn’t place much value in Icahn’s stock picking skills.Hawken and his team downgraded shares of Icahn’s holding company, Icahn Enterprises (IEP) to a sell from a neutral, and predicted that the shares could fall by almost half in the next 12 months to $30 a share.The culprit? Persistent pressure on IEP’s operating segment and poor results at Icahn’s hedge fund.", blogs.barrons.com
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